Belvidere, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Belvidere Neighborhoods Since 2000




Belvidere, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Belvidere Housing Market Information

With a population of 2,607, 1,054 total housing units (homes and apartments), and a median house value of $199,819, Belvidere real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Belvidere homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Belvidere, accounting for 70.24% of the town's housing units. Other types of housing that are prevalent in Belvidere include duplexes, homes converted to apartments or other small apartment buildings ( 14.63%), large apartment complexes or high rise apartments ( 11.90%), and a few row houses and other attached homes ( 3.23%).

The most prevalent building size and type in Belvidere are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.32% owning and 38.68% renting.

The housing in Belvidere was primarily built before 1939 ( 55.70%), making the housing stock in Belvidere some of the oldest overall in America, although there is a range of ages of homes in Belvidere. The next most important housing age is between 1940-1969 ( 27.21%), followed by between 1970-1999 ( 16.41%).

Vacant housing appears to be an issue in Belvidere. Fully 10.37% of the housing stock is classified as vacant. Left unchecked, vacant Belvidere homes and apartments can be a drag on the real estate market, holding Belvidere real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Belvidere Home Appreciation Rates

Homes have actually lost value in Belvidere over the last then years, as home values have seen a decline of 28.83% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Belvidere home appreciation rates at 0.88%, which equates to an annual appreciation rate of 3.57%.

Appreciation rates are so strong in Belvidere that despite a nationwide downturn in the housing market, Belvidere real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belvidere appreciation rates continue to be some of the highest in America, at 6.08%, which is higher than appreciation rates in 74.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belvidere. Belvidere appreciation rates in the latest quarter were at 0.88%, which equates to an annual appreciation rate of 3.57%.

Relative to New Jersey, our data show that Belvidere's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$199,819

Belvidere, NJ HOME PRICES

Value Range
> $1,058,000 0.0
$793,001 - $1,058,000 0.0
$529,001 - $793,000 1.5
$423,001 - $529,000 1.0
$317,001 - $423,000 7.7
$212,001 - $317,000 33.8
$105,001 - $212,000 48.8
$53,001 - $105,000 3.7
$0 - $53,000 3.5

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
32.2864174381812 85.3658536585366

Number Of Homes And Apartments:
1,054

Belvidere Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.48% 1.32% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,159 / per month

Homeownership Rate

Homeownership
Owners 61.32
Renters 38.68
Vacant 10.37

Housing Market Details

 

Age of Homes

AGE OF Belvidere HOMES
2000 or Newer 0.7
1970 - 1999 16.4
1940 - 1969 27.2
1939 or Older 55.7

Types of Homes

TYPE OF Belvidere HOMES
Single-Family 70.2
Townhomes 3.2
Small Apt. Buildings 14.6
Apt. Complexes 11.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Belvidere HOMES
No Bedroom 1.19
1 Bedroom 16.24
2 Bedrooms 25.17
3 Bedrooms 37.33
4 Bedrooms 14.37
5 or more bedrooms 5.70